DiCaprio Sells Oceanfront Compound

Congratulations to Leonardo DiCaprio for selling his gorgeous Malibu Oceanfront Compound! We previewed the property when it was on Broker caravan prior to going under contract. The Malibu Real Estate market has been smoking hot throughout 2013 after suffering an arctic chill in sales and values a few years prior. Here is what REALTOR Blogs reports:

Move over, Reese Witherspoon and Christian Ponder. Joining the actress and quarterback in the sellers club this week is none other than A-lister Leonardo DiCaprio, who has reportedly consummated his own holiday sale.

After shopping and leasing out his beachside abode over the last year, the actor has reportedly sold his picturesque compound in Malibu. The superstar’s home closed escrow the day after his latest film, “The Wolf of Wall Street,” made its Christmas debut.

Located along Malibu Colony Road, the celebrity property was initially offered as a luxury rental in 2012 for a steep $175,000 a month during the summertime. The home then went on the market in November 2012 for a whopping $23 million. It saw its price chopped to $18.9 million seven months later and ultimately sold for roughly $1.5 million under that price – $17.35 million.

The compound was built in 1927 and consists of a main home and a pair of detached guest houses. Overlooking the ocean, the main home has four bedrooms and features an open floor plan and vaulted ceilings with exposed beams. One guest house has two bedrooms while the other has a loft with a gym, media room, and an office. Combined, the three structures offer a total of seven bedrooms and six bathrooms.